SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 or 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

Report on Form 6-K dated April 26, 2010

(Commission File No. 1-13202)

This Report on Form 6-K shall be incorporated by reference in our automatic shelf registration statement on Form F-3, as filed with the Securities and Exchange Commission on March 25, 2008 (File No. 333-149890), to the extent not superseded by documents or reports subsequently filed by us under the Securities Act of 1933 or the Securities Exchange Act of 1934, in each case as amended.

Nokia Corporation

(Name of Registrant)

Keilalahdentie 4

P.O. Box 226, FI-00045 Nokia Group, Espoo

Finland

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Enclosure:                                       Nokia Q1 2010 interim report excluding non-GAAP financial measures

For the purposes of incorporation by reference in Nokia Corporation’s registration statement on Form F-3, filed with the SEC on March 25, 2008, this Nokia Q1 2010 interim report does not contain references to non-GAAP financial measures relating to operating profit, expenses, margins and earnings per share that exclude special and other items and net sales at constant currency, but otherwise contains the same information as the Q1 2010 interim report released by Nokia on April 22, 2010.

Nokia Q1 2010 net sales EUR 9.5 billion, EPS EUR 0.09

Growth in year-on-year net sales, operating profit and EPS

FIRST QUARTER 2010 HIGHLIGHTS

·                  Nokia net sales of EUR 9.5 billion, up 3% year-on-year and down 21% sequentially.

·                  Devices & Services net sales of EUR 6.7 billion, up 8% year-on-year and down 19% sequentially.

·                  Services net sales of EUR 148 million, down 12% sequentially; billings of EUR 228 million, up 1% sequentially.

·                  Nokia total mobile device volumes of 107.8 million units, up 16% year-on-year and down 15% sequentially.

·                  Nokia converged mobile device (smartphone and mobile computer) volumes of 21.5 million units, up 57% year-on-year and up 3% sequentially.

·                  Nokia mobile device ASP (including services revenue) of EUR 62, down from EUR 64 in Q4 2009.

·                  Devices & Services gross margin of 32.4%, down from 33.8% in Q1 2009 and 34.3% in Q4 2009.

·                  Nokia Siemens Networks net sales of EUR 2.7 billion, down 9% year-on-year and down 25% sequentially (down 12% and 27% at constant currency).

·                  Nokia operating cash flow of EUR 1.0 billion.

·                  Total cash and other liquid assets of EUR 9.7 billion at the end of Q1 2010.

·                  Nokia taxes were unfavorably impacted by Nokia Siemens Networks taxes as no tax benefits are recognized for certain Nokia Siemens Networks deferred tax items.

OLLI-PEKKA KALLASVUO, NOKIA CEO:

“In Q1, Nokia delivered both year-on-year net sales and operating profit growth. We continue to face tough competition with respect to the high end of our mobile device portfolio, as well as challenging market conditions on the infrastructure side.

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During the quarter, we also demonstrated our ability to deliver the Nokia smartphone experience to consumers on a global scale, with our smartphone shipments up by more than 50% year-on-year. The consumer response to the inclusion of our walk and drive navigation offering on our smartphones has been tremendous. Since launching in January, 10 million Nokia smartphone users around the world have downloaded the offering.

In infrastructure, Nokia Siemens Networks’ profitability benefited from a positive sales mix in Q1. I am also pleased to see encouraging results from the company’s focus on helping operators meet the challenge of the rapid growth in data and signaling traffic from smartphones.”

INDUSTRY AND NOKIA OUTLOOK

·                  Nokia expects Devices & Services net sales to be between EUR 6.7 billion and EUR 7.2 billion in the second quarter 2010.

·                  Nokia and Nokia Siemens Networks expect Nokia Siemens Networks’ net sales to be between EUR 3.1 billion and EUR 3.4 billion in the second quarter 2010.

·                  Nokia continues to expect industry mobile device volumes to be up approximately 10% in 2010, compared to 2009 (based on its revised definition of the industry mobile device market applicable beginning in 2010).

·                  Nokia continues to target its mobile device volume market share to be flat in 2010, compared to 2009.

·                  Nokia continues to target to increase its mobile device value market share slightly in 2010, compared to 2009.

·                  Nokia and Nokia Siemens Networks continue to expect a flat market in euro terms for the mobile and fixed infrastructure and related services market in 2010, compared to 2009.

·                  Nokia and Nokia Siemens Networks continue to target Nokia Siemens Networks to grow faster than the market in 2010.

FIRST QUARTER 2010 FINANCIAL HIGHLIGHTS

(Comparisons are given to the first quarter 2009 results, unless otherwise indicated.)

Q1 2010 special items — EUR 332 million (net) consisting of:

·                  EUR 125 million restructuring charge and other one-time items in Nokia Siemens Networks.

·                  EUR 29 million gain on sale of assets and a business in Devices & Services.

·                  EUR 116 million of intangible asset amortization and other purchase price accounting related items arising from the formation of Nokia Siemens Networks.

·                  EUR 118 million of intangible asset amortization and other purchase price accounting related items arising from the acquisition of NAVTEQ.

·                  EUR 2 million of intangible assets amortization and other purchase price related items arising from the acquisition of OZ Communications in Devices & Services.

Q4 2009 special items — EUR 332 million (net) consisting of:

·                  EUR 89 million restructuring charge and other one-time items in Nokia Siemens Networks.

·                  EUR 22 million gain on sale of real estate in Nokia Siemens Networks.

·                  EUR 36 million restructuring charge in Devices & Services.

·                  EUR 117 million of intangible asset amortization and other purchase price accounting related items arising from the formation of Nokia Siemens Networks.

·                  EUR 110 million of intangible asset amortization and other purchase price accounting related items arising from the acquisition of NAVTEQ.

·                  EUR 2 million of intangible assets amortization and other purchase price related items arising from the acquisition of OZ Communications in Devices & Services.

Q4 2009 taxes — EUR 213 million non-cash positive effect from development and outcome of various prior year items impacting Nokia taxes

Q1 2009 special items — EUR 459 million consisting of:

·                  EUR 34 million of impairment of intangible assets in Devices & Services.

·                  EUR 59 million restructuring charge in Devices & Services.

·                  EUR 123 million restructuring charge and other one-time items in Nokia Siemens Networks.

·                  EUR 116 million of intangible assets amortization and other purchase price related items arising from the formation of Nokia Siemens Networks.

·                  EUR 125 million of intangible assets amortization and other purchase price related items arising from the acquisition of NAVTEQ.

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·                  EUR 2 million of intangible assets amortization and other purchase price related items arising from the acquisition of OZ Communications in Devices & Services.

Nokia Group

Nokia’s first quarter 2010 net sales increased 3% to EUR 9.5 billion, compared with EUR 9.3 billion in the first quarter 2009.

Nokia’s first quarter 2010 operating profit increased to EUR 488 million, compared with EUR 55 million in the first quarter 2009. Nokia’s first quarter 2010 operating margin was 5.1% (0.6%).

Operating cash flow for the first quarter 2010 was EUR 1.0 billion. The operating cash flow for the first quarter 2009 was EUR 0.3 billion. Total cash and other liquid assets were EUR 9.7 billion at end of the first quarter 2010, compared with EUR 8.1 billion at the end of the first quarter 2009. At the end of the first quarter 2010, Nokia’s net debt-equity ratio (gearing) was —31%, compared with -14% at the end of the first quarter 2009.

Nokia is taking measures to mitigate the impact on its business of the disruption to air traffic caused by the spread of ash following the volcanic eruption in Iceland. Measures include adjusting our logistics operation to help ensure component availability and product deliveries to customers. Although the impact on our business is not quantifiable at this stage, it is anticipated that, depending on how long they would need to be in place, the use of alternative logistics arrangements may have an adverse impact on our net sales and profitability going forward.

Devices & Services

Net Sales: First quarter 2010 Devices & Services net sales increased 8% to EUR 6.7 billion, compared with EUR 6.2 billion in the first quarter 2009. The net sales increase resulted primarily from higher volumes in most regions driven by stronger demand, partially offset by an ASP decline, compared to the first quarter 2009.

The following chart sets out Devices & Services net sales for the periods indicated, as well as the year-on-year and sequential growth rates, by geographic area.

DEVICES & SERVICES NET SALES BY GEOGRAPHIC AREA

Of our total Devices & Services net sales, services contributed EUR 148 million in the first quarter 2010, compared with EUR 169 million in the fourth quarter 2009. Services billings in the first quarter 2010 were EUR 228 million, compared with EUR 226 million in the fourth quarter 2009. Due to the divestment of the security appliance business in April 2009, services net sales of EUR 150 million and billings of EUR 166 million in the first quarter 2009 are not directly comparable to services net sales and billings in the first quarter 2010.

The following chart sets out our Devices & Services net sales for the periods indicated, as well as the year-on-year and sequential growth rates, by category.

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DEVICES & SERVICES NET SALES BY CATEGORY

Note 1: Series 30 and Series 40-based devices ranging from basic mobile phones focused on voice capability to devices with a number of additional functionalities, such as Internet connectivity, including the services and accessories sold with them.

Note 2: Smartphones and mobile computers, including the services and accessories sold with them.

Note 3: Does not include the net sales of the security appliance business that was divested in April 2009.

Volume and Market Share: In the first quarter 2010, the total mobile device volumes of Devices & Services were 107.8 million units, representing an increase of 16% year-on-year and a decrease of 15% sequentially. The overall industry mobile device volumes for the same period were 323 million units based on Nokia’s preliminary estimate, representing an increase of 11% year-on-year and a decrease of 10% sequentially. Nokia’s preliminary estimated mobile device market share was 33% in the first quarter 2010, up from an estimated 32% in the first quarter 2009 and down from an estimated 35% in the fourth quarter 2009. As previously announced, beginning in 2010 we revised our definition of the industry mobile device market that we use to estimate industry volumes. This is due to improved measurement processes and tools that enable us to have better visibility to estimate the number of mobile devices sold by certain new entrants in the global mobile device market. We are applying the revised definition and improved measurement processes and tools beginning in 2010, and retrospectively to 2009 for comparative purposes only.

Of the total industry mobile device volumes, converged mobile device industry volumes in the first quarter 2010 increased to 52.6 million units, based on Nokia’s preliminary estimate, compared with an estimated 36.0 million units in the first quarter 2009 and 52.4 million units in the fourth quarter 2009. Our own converged mobile device volumes, comprising our smartphones and mobile computers, were 21.5 million units in the first quarter 2010, an increase of 57% compared with 13.7 million units in the first quarter 2009 and 3% compared with 20.8 million units in the fourth quarter 2009. Nokia’s preliminary estimated share of the converged mobile device market was 41% in the first quarter 2010, up from an estimated 38% in the first quarter 2009 and an estimated 40% in the fourth quarter 2009.

The following chart sets out our mobile device volumes for the periods indicated, as well as the year—on-year and sequential growth rates, by geographic area.

DEVICES & SERVICES MOBILE DEVICE VOLUME BY GEOGRAPHIC AREA

Nokia’s 16% year-on-year increase in global mobile device volumes was primarily driven by an improved demand environment as economic conditions continued to improve in most regions, compared with the difficult economic conditions of the first quarter 2009. This improvement was offset to some extent by lower demand for our mobile devices in some countries in Asia-Pacific and North America. On a sequential basis, Nokia’s 15% decline in global mobile device volumes primarily reflected typical seasonal demand weakness in virtually all regions, offset to some extent by strong demand in China during the New Year festive season in the first quarter 2010. Demand was strong for our converged mobile devices in the first quarter 2010. However, competitive pressures in the ultra-low to mid-range product price bands, particularly in certain Asian countries, adversely affected our mobile device volumes in the first quarter 2010.

Average Selling Price. Our mobile device average selling price (ASP) in the first quarter 2010 was EUR 62, down from
EUR 66 in the first quarter 2009 and from EUR 64 in the fourth quarter 2009. The lower year-on-year ASP was primarily due to general price erosion across our mobile device portfolio, offset to some extent by a positive mix shift from sales of mobile phones towards sales of converged mobile devices. On a sequential basis, our lower ASP was primarily driven by

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price pressure, particularly in certain high-end smartphones, offset to some extent by a positive mix shift from sales of mobile phones towards sales of converged mobile devices. The year-on-year and sequential declines in our converged mobile devices ASP’s were mainly driven by an increase in the proportion of such devices sold at lower price points consistent with our strategy to reach wider groups of consumers and price pressure in certain high-end smartphones in the first quarter 2010. As previously announced, beginning in the first quarter 2010 our total ASP includes services net sales given the increasing contribution of the services we sell in combination with our devices.

The following chart sets out our Devices & Services ASP for the periods indicated, as well as the year-on-year and sequential growth rates, by category.

DEVICES & SERVICES AVERAGE SELLING PRICE BY CATEGORY

Note 1: Series 30 and Series 40-based devices ranging from basic mobile phones focused on voice capability to devices with a number of additional functionalities, such as Internet connectivity, including the services and accessories sold with them.

Note 2: Smartphones and mobile computers, including the services and accessories sold with them.

Profitability: Devices & Services gross profit increased 3% to EUR 2.2 billion, compared with EUR 2.1 billion in the first quarter 2009, with a gross margin of 32.4% (33.8%). Devices & Services gross margin was 34.3% in the fourth quarter 2009. Overall, both the year-on-year and sequential gross margin declines were primarily due to our product material costs declining at a lower rate than the price erosion of our devices, especially in the high end of our mobile device portfolio during the first quarter 2010. The year-on-year gross margin decline was offset to some extent by a positive mix shift towards sales of higher-margin converged mobile devices in the first quarter 2010. The first quarter 2009 gross margin also benefited from more positive foreign exchange hedging than did the gross margin in the first quarter 2010. Sequentially, the appreciation of the Japanese Yen versus the Euro, lower royalty income and higher production overhead costs relative to lower volumes in the first quarter 2010 also contributed to the gross margin decline. Foreign exchange hedging had a positive one-quarter impact on the gross margin in the first quarter 2010, compared to an immaterial impact on the gross margin in the fourth quarter 2009.

Devices & Services operating profit increased 52% to EUR 831 million, compared with EUR 547 million in the first quarter 2009, with an operating margin of 12.5% (8.9%). The year-on-year increase in operating profit for the first quarter 2010 was driven primarily by higher net sales as well as lower operating and other expenses.

Nokia is planning to deliver a family of smartphones based on the Symbian^3 software platform that is targeted to offer a clearly improved user experience, a high standard of quality, and competitive value to consumers. We plan to launch the first smartphone based on Symbian^3 during the second quarter 2010, with shipments expected during the third quarter 2010.

NAVTEQ

Net Sales. First quarter 2010 NAVTEQ net sales increased 43% year-on-year to EUR 189 million, compared with EUR 132 million in the first quarter 2009, benefiting from growth in mobile device sales, particularly Nokia mobile devices, and improved conditions in the automotive industry.

Profitability. In the first quarter 2010, NAVTEQ’s gross profit increased to EUR 160 million, compared with
EUR 115 million in the first quarter 2009, with a gross margin of 84.7% (87.1%). In the first quarter 2010, NAVTEQ’s operating loss decreased to EUR 77 million, compared with a EUR 120 million loss in the first quarter 2009. The operating margin was -40.7% (-90.9%).

Nokia Siemens Networks

Net Sales. First quarter 2010 net sales decreased 9% to EUR 2.7 billion, compared with EUR 3.0 billion in the first quarter 2009, reflecting challenging competitive factors and market conditions. Of total Nokia Siemens Networks net sales, services contributed EUR 1.3 billion in the first quarter 2010.

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The following chart sets out Nokia Siemens Networks net sales for the periods indicated, as well as the year-on-year and sequential growth rates, by geographic area.

NOKIA SIEMENS NETWORKS NET SALES BY GEOGRAPHIC AREA

Profitability. Nokia Siemens Networks gross profit increased 11% to EUR 782 million, compared with EUR 703 million in the first quarter 2009, with a gross margin of 28.8% (23.5%). The higher year-on-year gross profit in the first quarter 2010 was due primarily to continued progress on product cost reductions as well as an increased proportion of sales of higher margin offerings during the quarter, offset to some extent by lower net sales, compared to the first quarter 2009.

Nokia Siemens Networks first quarter 2010 operating loss was EUR 226 million, compared with an operating loss of EUR 361 million in the first quarter 2009, with an operating margin of -8.3% (-12.1%). The year-on-year improvement in Nokia Siemens Networks operating result primarily reflected improved gross profitability as well as lower operating expenses.

Q1 2010 OPERATING HIGHLIGHTS

Devices & Services

·                  Nokia continued to make progress in the development of its key services:

·                  Location: Nokia introduced a new and improved version of Ovi Maps, available for download at www.nokia.com/maps. At the same time, Nokia modified its business model by including world-wide walk and drive navigation with the new Ovi Maps at no extra cost with compatible Nokia smartphones. Since launching in January, the new Ovi Maps has been downloaded by 10 million Nokia smartphone users. Going forward, the offering will be pre-installed on Nokia’s smartphones.

·                  Music: Nokia continued to grow its footprint in digital music, expanding its chain of digital music stores to cover 34 markets, including several markets in the Middle East. Nokia also increased to 28 the number of markets in which Comes With Music, its ‘all you can eat’ music offering, is available. Since the end of the quarter, Nokia has also launched a Digital Rights Management-free Comes With Music service in China, and announced the upcoming availability of Ovi Music Unlimited in India. Following the launch in India, Nokia will have introduced Comes With Music in each of the BRIC markets.

·                  Store: Nokia continued to grow and enhance the useability of Ovi Store. Nokia’s most popular smartphones each have access to more than 9 500 content items (including applications) in the store, while operator support continues to increase with mobile billing now available through over 60 operators in 19 countries. The vast majority of Ovi Store users can access the store in their own language and pay for content in their local currency. Currently, the store is attracting more than 1.5 million downloads a day, with the average active user downloading more than 8 applications or items of content a month.

·                  Messaging: Nokia Messaging continued to grow, with more than three million accounts now created.

·                  Emerging markets: Subscriptions to Nokia Life Tools, a service giving access to agricultural information and education and entertainment services without requiring use of GPRS or web connectivity, reached more than one million. The service is currently available in India and Indonesia. After introducing Nokia Money in 2009, Nokia in February 2010 launched a commercial pilot of the service in Pune, one of the largest metropolitan areas in India, in partnership with YES BANK. Through the service, people can transfer money to other people just by using their mobile phone numbers, pay utility bills as well as recharge their prepaid SIM cards (SIM top-up).

·                  Nokia announced the Nokia C5, a smartphone optimized for social networking and sharing. The compact device includes access to Nokia’s range of mobile services, such as free navigation, in one affordable package, with an estimated retail price of EUR 135, before taxes and subsidies.

·                  Nokia commenced shipments of the Nokia X6 16GB, a powerful, touch entertainment smartphone.

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·                  Nokia commenced shipments of the Nokia 2690, an entry device giving access to Ovi Mail and featuring an FM radio and VGA camera.

·                  Nokia and T-Mobile USA commenced shipments of the Nokia 5230 Nuron smartphone, which features turn by turn navigation at no extra cost and is the first Nokia device with a United States operator preloaded with Ovi Store.

·                  Nokia and Intel began to merge their Maemo and Moblin software platforms to form a single Linux-based and fully open source platform, MeeGo, for a wide range of computing devices, including pocketable mobile computers, netbooks, tablets, mediaphones, connected TVs and in-vehicle infotainment systems. By creating MeeGo, Nokia and Intel plan to accelerate industry innovation and reduce time-to-market for a range of new Internet-based applications and services and exciting user experiences.

·                  Nokia announced the acquisition of Novarra, whose mobile browser and services platform will be used by Nokia to deliver enhanced Internet experiences on Nokia’s mobile phones based on the Series 40 software platform. The acquisition was completed in April 2010.

NAVTEQ

·                  NAVTEQ launched its new advanced mapping collection technology, NAVTEQ True, further innovating the scale and quality of data collection and processing.

·                  NAVTEQ announced the availability of real-time traffic in the United Kingdom, bringing to 13 the number of European countries in which uninterrupted traffic data are available.

·                  NAVTEQ launched Intermediate Maps of Nigeria and Kenya, expanding map coverage in Africa by more than 200 000 kilometers and more than 23 000 Points of Interest.

·                  NAVTEQ launched Enhanced 3D City Models in Europe, providing intelligent visual texturing to simplify navigation.

·                  NAVTEQ announced that Nobex Technologies selected NAVTEQ Location Point Advertising, making location-aware advertising inventory available on Nobex Radio Companion.

·                  NAVTEQ announced that the National Geospatial Intelligence Agency selected NAVTEQ map data to support the Homeland Security Infrastructure Program.

·                  NAVTEQ announced the signing of Golden Tulip Hospitality Group as a Direct Access customer for their 230 properties worldwide.

·                  NAVTEQ announced the development of Fiat Group Automobiles’ first online Map Update Store.

Nokia Siemens Networks

·                  Under a five-year managed services contract with NII Holdings, Nokia Siemens Networks will plan, design, build, manage, and optimize their network in Argentina, Chile, Brazil, Mexico and Peru. The contract covers the existing iDEN networks and the upcoming 3G networks of the operator.

·                  Nokia Siemens Networks continued to win major contracts in key emerging markets including India with a USD 700 million network expansion deal with Bharti Airtel and a EUR 300 million GSM roll out and Managed Services contract with Aircel; and in China with a 3G Radio and Core Network deal with Beijing Mobile that supports future migration to TD-LTE.

·                  Nokia Siemens Networks maintained momentum in LTE with a new contract with TeliaSonera; Nokia Siemens Networks also made the Middle East’s first LTE call with Zain Bahrain and completed a 100 Mbps data call on an LTE trial network with M1 in Singapore.

·                  Nokia Siemens Networks was selected by the Iliad Group’s Free Mobile business for the supply of radio, core and applications for the 4th license 3G mobile network in France. Nokia Siemens Networks won a contract to upgrade Telefonica’s 3G network in Spain to HSPA+ paving the way for enhanced mobile broadband services with download speeds up to 42 Mbps.

·                  Nokia Siemens Networks’ core mobile network technology, which addresses the signaling and capacity challenges of growing smartphone data usage, earned the company contracts with operators including Swisscom and SFR. In response to the increasing demand for converged devices, Nokia Siemens Networks established Smart Labs in Finland and the United States with the aim of enhancing the everyday experience of users of converged devices.

·                  Operators continued to leverage Nokia Siemens Networks’ subscriber-centric solutions to provide flexible and personalized services to its customers. Deals were signed with Tunisiana and Vodacom Tanzania for flexible and convergent payment services and Smart Communications in the Philippines for unified charging and billing solution which will allow it to bring services to market faster.

·                  In North America, Nokia Siemens Networks announced five contracts for its 40 Gbps optical solution, with XO Communications, Columbus Networks, Insight Communications, NewWave Communications and Fidelity Communications. In addition, the Optical Transport Network (OTN) Switch was launched in the quarter, a key new product for the optical portfolio.

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For more information on the operating highlights mentioned above, please refer to related press announcements at the following links: www.nokia.com/press, www.navteq.com/about/press.html, www.nokiasiemensnetworks.com/press

NOKIA IN THE FIRST QUARTER 2010

(Comparisons are given to the first quarter 2009 results, unless otherwise indicated.)

Nokia’s net sales increased 3% to EUR 9 522 million (EUR 9 274 million). Net sales of Devices & Services increased 8% to
EUR 6 663 million (EUR 6 173 million). Net sales of NAVTEQ increased 43% to EUR 189 million (EUR 132 million). Net sales of Nokia Siemens Networks decreased 9% to EUR 2 718 million (EUR 2 990 million).

Operating profit increased 787% to EUR 488 million (EUR 55 million), representing an operating margin of 5.1% (0.6%). Operating profit in Devices & Services increased 52% to EUR 831 million (EUR 547 million), representing an operating margin of 12.5% (8.9%). Operating loss in NAVTEQ was EUR 77 million (operating loss EUR 120 million), representing an operating margin of -40.7% (-90.9%). Operating loss in Nokia Siemens Networks was EUR 226 million (operating loss EUR 361 million), representing an operating margin of -8.3% (-12.1%). Group Common Functions expense totaled EUR 20 million (EUR 11 million).

In the period from January to March 2010, net financial expense was EUR 73 million (EUR 77 million). Profit before tax was EUR 411 million (loss EUR 12 million). Profit was EUR 175 million (EUR 4 million), based on a profit of EUR 349 million (EUR 122 million) attributable to equity holders of the parent and a loss of EUR 174 million (loss of EUR 118 million) attributable to non-controlling interests. Earnings per share increased to EUR 0.09 (basic) and to EUR 0.09 (diluted), compared with EUR 0.03 (basic) and EUR 0.03 (diluted) in the first quarter of 2009.

PERSONNEL

The average number of employees during the period from January to March 2010 was 125 155, of which the average number of employees at Nokia Siemens Networks was 64 281. At March 31, 2010, Nokia employed a total of 125 859 people (124 292 people at March 31, 2009), of which 64 319 were employed by Nokia Siemens Networks (60 546 people at March 31, 2009).

SHARES

The total number of Nokia shares at March 31, 2010 was 3 744 956 052. At March 31, 2010, Nokia and its subsidiary companies owned 36 156 362 Nokia shares, representing approximately 1.0 % of the total number of Nokia shares and the total voting rights.

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CONSOLIDATED INCOME STATEMENT, EUR million

(unaudited)

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NOKIA NET SALES BY GEOGRAPHIC AREA, EUR million

(unaudited)

NOKIA PERSONNEL BY GEOGRAPHIC AREA

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DEVICES & SERVICES, EUR million

(unaudited)

(1) Include amortization of acquired intangible assets of EUR 2 million in Q1/10 and EUR 2 million in Q1/09.

(2) Gain on sale of assets and business of EUR 29 million in Q1/10. Include restructuring charges of EUR 59 million and impairment of assets EUR 34 million in Q1/09.

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NAVTEQ, EUR million

(unaudited)

(1) Include deferred revenue related to acquisitions of EUR 2 million in Q1/09.

(2) Include amortization of acquired intangibles of EUR 88 million in Q1/10 and of EUR 93 million in Q1/09.

(3) Include amortization of acquired intangibles of EUR 30 million in Q1/10 and of EUR 30 million in Q1/09.

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NOKIA SIEMENS NETWORKS, EUR million

(unaudited)

(1) Include restructuring charges of EUR 71 million in Q1/10 and of EUR 61 million in Q1/09.

(2) Include restructuring charges of EUR 18 million and amortization of acquired intangibles of EUR 45 million in Q1/10. Include restructuring charges of EUR 2 million and amortization of acquired intangibles of EUR 45 million in Q1/09.

(3) Include restructuring charges of EUR 8 million and amortization of acquired intangibles of EUR 71 million in Q1/10. Include restructuring charges of EUR 6 million and amortization of acquired intangibles of EUR 71 million in Q1/09.

(4) Include restructuring charges of EUR 28 million in Q1/10 and EUR 30 million in Q1/09.

(5) Include restructuring charges of EUR 24 million in Q1/09.

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GROUP COMMON FUNCTIONS, EUR million

(unaudited)

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CONSOLIDATED INCOME STATEMENT, EUR million

(unaudited)

NOKIA GROUP

(1) Include referred revenue related to acquisitions of EUR 2 million in Q1/09.

(2) Include restructuring charges of EUR 71 million in Q1/10 and of EUR 61 million in Q1/09.

(3) Include amortization of acquired intangible assets of EUR 135 million and restructuring charges of EUR 18 million in Q1/10.

Include amortization of acquired intangible assets of EUR 140 million and restructuring charges of EUR 2 million in Q1/09.

(4) Include restructuring charges of EUR 8 million and amortization of acquired intangible assets of EUR 101 million in Q1/10. Include restructuring charges of EUR 6 million and amortization of acquired intangible assets of EUR 101 million in Q1/09.

(5) Include restructuring charges of EUR 28 million in Q1/10 and EUR 30 million in Q1/09.

(6) Include gain on sale of assets and business EUR 29 million in Q1/10. Restructuring charges of EUR 83 million and impairment of intangible assets of EUR 34 million in Q1/09.

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CONSOLIDATED INCOME STATEMENT, IFRS, EUR million

(unaudited)